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Briefs

Updated Feb. 20, 2001 2:24 a.m. ET

Philippine Airlines Posts 3rd-Quarter Net Loss of $11.3 Million

Philippine Airlines Inc. posted a net loss in its third quarter ended Dec. 31 of 539.7 million Philippine pesos ($11.3 million) after a loss of 156.3 million pesos in the year-earlier period. Philippine Airlines, which is under a rehabilitation program, said higher fuel and maintenance costs weighed on its earnings in the October-December quarter. The company made a net profit of 256.9 million pesos in the month of December alone, but a cumulative loss of 796.6 million pesos for the previous two "lean" months, it said in a disclosure to the...